Nationwide Fund Advisors reduced its stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 1.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 503,250 shares of the company’s stock after selling 8,677 shares during the period. Nationwide Fund Advisors owned 0.24% of Live Nation Entertainment worth $17,538,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Ameriprise Financial Inc. raised its holdings in Live Nation Entertainment by 11.2% during the second quarter. Ameriprise Financial Inc. now owns 393,850 shares of the company’s stock valued at $13,688,000 after buying an additional 39,760 shares in the last quarter. TIAA CREF Investment Management LLC raised its holdings in Live Nation Entertainment by 32.6% during the second quarter. TIAA CREF Investment Management LLC now owns 947,000 shares of the company’s stock valued at $33,003,000 after buying an additional 232,897 shares in the last quarter. Teachers Advisors LLC raised its holdings in Live Nation Entertainment by 14.0% during the second quarter. Teachers Advisors LLC now owns 914,602 shares of the company’s stock valued at $31,874,000 after buying an additional 112,019 shares in the last quarter. Stephens Investment Management Group LLC bought a new position in Live Nation Entertainment during the second quarter valued at about $15,519,000. Finally, Stephens Inc. AR raised its holdings in Live Nation Entertainment by 23.8% during the second quarter. Stephens Inc. AR now owns 48,767 shares of the company’s stock valued at $1,700,000 after buying an additional 9,382 shares in the last quarter. Institutional investors own 65.62% of the company’s stock.

In related news, insider Brian Capo sold 7,500 shares of the stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $40.50, for a total transaction of $303,750.00. Following the sale, the insider now owns 13,354 shares in the company, valued at approximately $540,837. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ariel Emanuel sold 10,000 shares of the stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $41.56, for a total transaction of $415,600.00. Following the sale, the director now owns 85,737 shares in the company, valued at approximately $3,563,229.72. The disclosure for this sale can be found here. Corporate insiders own 4.77% of the company’s stock.

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Shares of Live Nation Entertainment, Inc. (LYV) opened at 43.19 on Wednesday. The stock has a 50 day moving average price of $39.56 and a 200 day moving average price of $34.74. The firm has a market capitalization of $8.85 billion, a P/E ratio of 6170.00 and a beta of 1.01. Live Nation Entertainment, Inc. has a 12 month low of $26.41 and a 12 month high of $43.27.

Live Nation Entertainment (NYSE:LYV) last announced its earnings results on Wednesday, August 9th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.10. Live Nation Entertainment had a net margin of 0.25% and a return on equity of 1.60%. The firm had revenue of $2.82 billion for the quarter, compared to analyst estimates of $2.37 billion. During the same quarter in the prior year, the business posted $0.13 EPS. The business’s revenue was up 29.3% compared to the same quarter last year. On average, analysts expect that Live Nation Entertainment, Inc. will post $0.22 earnings per share for the current year.

Several research firms have weighed in on LYV. Jefferies Group LLC restated a “buy” rating and set a $42.00 target price on shares of Live Nation Entertainment in a report on Tuesday, September 12th. J P Morgan Chase & Co restated a “buy” rating on shares of Live Nation Entertainment in a report on Friday, August 11th. Zacks Investment Research lowered Live Nation Entertainment from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 10th. Stephens restated an “overweight” rating and set a $44.00 target price (up from $36.00) on shares of Live Nation Entertainment in a report on Thursday, August 10th. Finally, Northcoast Research lowered Live Nation Entertainment from a “buy” rating to a “neutral” rating in a report on Monday, June 19th. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $39.71.

Live Nation Entertainment Profile

Live Nation Entertainment, Inc is a live entertainment company. The Company’s businesses consist of the promotion of live events, including ticketing, sponsorship and advertising. Its segments include Concerts, Sponsorship & Advertising, Ticketing and Artist Nation. The Concerts segment is engaged in promotion of live music events in its owned or operated venues and in rented third-party venues; operation and management of music venues; production of music festivals, and creation of associated content.

Institutional Ownership by Quarter for Live Nation Entertainment (NYSE:LYV)

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